TWENTY-FIRST CENTURY FOX, INC. (FOX) [Rocket]

In millions, except per share items	Jun-30-18	Jun-30-17	Jun-30-16	Jun-30-15	Jun-30-14	Jun-30-13	Jun-30-12	Jun-30-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Cable Network Programming	17,946	16,130	15,029	13,773	12,273	10,881	9,324	8,212
Filmed Entertainment	8,747	8,235	8,505	9,525	9,679	8,642	8,363	7,813
Television	5,162	5,649	5,105	4,895	5,296	4,860	4,803	4,844
Other				794	4,619	3,292	2,561	3,363
Total revenues	30,400	28,500	27,326	28,987	31,867	27,675	25,051	24,232
Revenue growth [+]	6.7%	4.3%	-5.7%	-9.0%	15.1%	10.5%	3.4%	-26.1%
Cable Network Programming	11.3%	7.3%	9.1%	12.2%	12.8%	16.7%	13.5%	16.7%
Filmed Entertainment	6.2%	-3.2%	-10.7%	-1.6%	12.0%	3.3%	7.0%	2.4%
Television	-8.6%	10.7%	4.3%	-7.6%	9.0%	1.2%	-0.8%	14.6%
Cost of goods sold	19,769	18,094	17,419	18,561	21,108	17,496	15,663	15,745
Gross profit	10,631	10,406	9,907	10,426	10,759	10,179	9,388	8,487
Gross margin	35.0%	36.5%	36.3%	36.0%	33.8%	36.8%	37.5%	35.0%
Selling, general and administrative	3,668	3,298	3,385	3,784	4,129	4,007	3,719	3,759
Equity in earnings	-138	-41	-34	904	622	655	636	352
Other operating expenses	-39	-36	-38			-93
EBITDA [+]	6,864	7,103	6,526	7,546	7,252	6,920	6,305	5,080
EBITDA growth	-3.4%	8.8%	-13.5%	4.1%	4.8%	9.8%	24.1%	-9.2%
EBITDA margin	22.6%	24.9%	23.9%	26.0%	22.8%	25.0%	25.2%	21.0%
Depreciation	337	299	283	433	741	614	585	667
EBITA	6,527	6,804	6,243	7,113	6,511	6,306	5,720	4,413
EBITA margin	21.5%	23.9%	22.8%	24.5%	20.4%	22.8%	22.8%	18.2%
Amortization of intangibles	247	254	247	303	401	183	126	110
EBIT [+]	6,280	6,550	5,996	6,810	6,110	6,123	5,594	4,303
EBIT growth	-4.1%	9.2%	-12.0%	11.5%	-0.2%	9.5%	30.0%	-2.4%
EBIT margin	20.7%	23.0%	21.9%	23.5%	19.2%	22.1%	22.3%	17.8%
Non-recurring items [+]	72	315	323	502		93	201	288
Asset impairment	72	315	323	502			201	288
Interest expense, net [+]	1,170	1,164	1,138	1,159	1,095	1,006	955	887
Interest expense	1,209	1,200	1,176	1,198	1,121	1,063	1,032	962
Interest income	39	36	38	39	26	57	77	75
Other income (expense), net	-628	-382	-381	4,698	174	3,712	25	-30
Pre-tax income	4,410	4,689	4,154	9,847	5,189	8,736	4,463	3,098
Income taxes	-364	1,419	1,130	1,243	1,272	1,690	1,094	673
Tax rate		30.3%	27.2%	12.6%	24.5%	19.3%	24.5%	21.7%
Minority interest	-298	-274	-261	-231	-132	-226	-193	129
Earnings from continuing ops	4,464	2,952	2,755	8,306	4,514	7,097	1,179	2,296
Earnings from discontinued ops								443
Net income	4,464	2,952	2,755	8,306	4,514	7,097	1,179	2,739
Net margin	14.7%	10.4%	10.1%	28.7%	14.2%	25.6%	4.7%	11.3%

Basic EPS [+]	$2.41	$1.59	$1.42	$3.91	$1.99	$3.04	$0.47	$0.87
Growth	51.4%	12.3%	-63.7%	95.9%	-34.4%	543.7%	-46.1%	-9.8%
Diluted EPS [+]	$2.40	$1.59	$1.42	$3.90	$1.99	$3.03	$0.47	$0.87
Growth	51.1%	12.3%	-63.7%	96.0%	-34.4%	543.9%	-46.0%	-9.7%

Dividends per share [+]	$0.54	$0.51	$0.42	$0.41	$0.35	$0.26	$0.23	$0.19
Growth	5.4%	20.4%	2.4%	16.6%	35.0%	13.0%	24.3%	17.0%

Shares outstanding (basic) [+]	1,852	1,854	1,943	2,127	2,265	2,337	2,499	2,625
Growth	-0.1%	-4.6%	-8.7%	-6.1%	-3.1%	-6.5%	-4.8%	0.2%
Shares outstanding (diluted) [+]	1,857	1,856	1,945	2,130	2,269	2,341	2,504	2,633
Growth	0.1%	-4.6%	-8.7%	-6.1%	-3.1%	-6.5%	-4.9%	0.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.